The division of the Treasury is an executive department and the treasury of the united states federal govt. It was once dependent with the aid of an Act of Congress in 1789 to regulate govt earnings. The department is administered through the Secretary of the Treasury, who’s a member of the cupboard. Jack Lew is the current Secretary of the Treasury; he was once sworn in on February 28, 2013.

the first Secretary of the Treasury was once Alexander Hamilton, who used to be sworn into place of business on Sep 11, 1789. Hamilton was requested via President George Washington to serve after first having requested Robert Morris (who declined, recommending Hamilton instead). Hamilton almost single-handedly worked out the nation’s early financial machine, and for several years used to be a tremendous presence in Washington’s administration as smartly. His portrait is on the obverse of the U.S. ten-greenback invoice whereas the Treasury department constructing is proven on the reverse. besides the Secretary, one of the crucial perfect-known Treasury officials is the Treasurer of the united states whose signature, along with the Treasury Secretary’s, seems on all Federal Reserve notes.